Trump speaks on postponing Iran attacks, Oman to secure 'safe passage' in Hormuz

Al Jazeera podcasts your president Donald Trump announcing that he is postponing quote any and

all strikes targeting Iranian energy infrastructure for a five day period. He's been speaking in just

a last few minutes saying that the United States has been holding talks with a quote respected

Iranian leader and that there's been strong talks with Iran. We're dealing with the man who I

believe is the most respected and the leader. You know, it's a little tough. They've wiped out,

we wiped out everybody. No, not the Supreme Leader. We don't, well nobody's ever, nobody heard of

the second Supreme Leader, the Sun. Nobody, we have not heard from the Sun. Everyone said

well you'll see a statement made but we haven't. We don't know if he's living. We're looking for all

of the things that we've been talking about. We want to see no nuclear bomb, no nuclear weapon,

not even close to it, low key in the missiles. We want to see peace in the Middle East. We want

the nuclear dust. We're going to want that and I think we're going to get that. We've agreed to

that. Yeah, we're going to, we've agreed to that. You want the rich uranium before you can end this.

We want no enrichment but we also want the rich uranium. If this happens, it's a great

start for Iran to build itself back and it's everything that we want and it's also great for

Israel and it's great for the other Middle Eastern countries. Saudi Arabia, UAE, Qatar,

all of them, Kuwait and Bahrain in particular so it's great for all of them.

Okay, let's have a look at the market reaction because that's certainly been quite something and

we had US markets, Wall Street just kicking off the session. There we go. Down, up over 2% right now.

Been actually losing ground at the late. We've also got of course, and the commodity is complex

where the main action here is as well. Looking for instance, what's going on with Brent Crude

down there to 100 bucks the barrel. It had fallen to 96. We are looking at WTI at 88 bucks,

nine percent, nine and a half percent fall back there and looking also at gas futures, 14 percent

to the downside. Oman's Foreign Minister, by the way, he says Muscat is working to secure

safe passage arrangements through the state of Hormuz and as we've also been reporting,

Iran did threaten early on Monday to lay naval mines through the Gulf. Should there be an attack

on its islands or the southern coast reopening the state of Hormuz and allowing vessels to pass

through the crucial waterway responsible for 20 percent of the world's daily oil shipments has

really been central to Donald Trump's recent threats against the country.

On the inside story podcast, we're discussing who is left to run Iran after the assassinations

of several top leaders. Iran is still fighting the war, but will the government survive this conflict?

Listen and subscribe wherever you get your podcasts.